What are the advantages and disadvantages of using nationally recognized databases of construction labor and material costs?
Nationally recognized databases use industry average cost and labor information for specific regions. These average costs may be somewhat inflated to assure that estimators do not underestimate a project. Most estimators have their own database of costs that they use, in order to assure accuracy of their budgets.
Related Questions
- What are the advantages and disadvantages of using nationally recognized databases of construction labor and material costs?
- How does the general cost of doing business compare to other areas (construction costs, labor costs, etc.)?
- How do I find the individual costs associated with an operation such as material, labor, and equipment?
